Local Plus: An Alternative to Traditional Expatriate Packages

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Employers worldwide are using an expanding array of packages as they aim to balance costs with attracting and retaining talent. According to Mercer’s Alternative International Assignments Policies and Practices Survey report, “Local Plus” packages are increasingly being used by employers to attract and retain talent at the right price. The “pluses” most commonly added to an expatriate worker’s pay and benefits package are tax assistance, host housing, relocation services, dependent education, medical benefit, and home leave. “Global employers tell us that there are a number of reasons why they use a Local Plus approach, including cost reduction, market competitiveness, employee satisfaction, and employee retention,” says Mike Shore, a principal and expatriate compensation expert in Mercer's Talent business. “While employers may face some challenges in offering Local Plus — such as communicating the approach to assignees, dealing with inequities between countries, and occasional … Learn more

July 28, 2014 | Categories: Infographics | Tags: , , | 0 Comments | Leave a Comment »

Talent Gaps, Shortages Affect Oil and Gas Industry Success

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Competition for talent in the oil and gas industry remains intense, and the talent gaps seen globally — especially for certain in-demand jobs and skill sets — have the potential to affect both the short- and long-term success of companies in the industry. Mercer’s global Oil & Gas Talent Outlook and Workforce Practices Survey, which collected data from 151 companies, identifies critical talent … Learn more

July 21, 2014 | Categories: Infographics | Tags: , , , | 0 Comments | Leave a Comment »

African Cities Costly for Expats, Continuing Global Trend

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Two African cities — Luanda in Angola and N’Djamena in Chad — top the list of the most expensive cities for expatriates in Mercer’s 2014 Cost of Living Survey. It was the second year in a row that Luanda ranked highest, in part due to such factors as the premium price of imported goods, while much richer cities such as Singapore, Geneva, and Tokyo ranked lower. Mercer’s survey is one of the … Learn more

July 14, 2014 | Categories: Infographics | Tags: , | 0 Comments | Leave a Comment »

US Employers Prepare for Future Health Reform Provisions

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While some provisions of the Affordable Care Act (ACA) went into effect in 2014, other significant changes are yet to come. Mercer’s latest Health Care Reform Survey — the seventh conducted since 2008 — shows that US employers are actively planning for the employer shared responsibility provisions that take effect in 2015. The survey includes responses from 767 US employers. “While many … Learn more

July 7, 2014 | Categories: Infographics | Tags: , , | 0 Comments | Leave a Comment »

Perqs Add Value to Employee Reward Packages

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Nearly half of organizations in Canada and the US offer perquisites to help attract and retain employees, according to Mercer’s 2013/2014 Compensation Policies and Practices surveys for the two countries. The biennial surveys of 331 Canadian and 548 US organizations highlight traditional — and some less common — benefits and perqs in use. The surveys were conducted to shed light on the latest … Learn more

July 1, 2014 | Categories: Infographics | Tags: , , | 0 Comments | Leave a Comment »